NOT LISTED FOR SALE

14 Main St Unit 18 Milford, MA 01757

Estimated Value: $952,144

6 Beds
6 Baths
3,942 Sq Ft
$242/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $799,900 $203 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,983/month

3 Days on Market

Highlights

  • Medical Services
  • Jogging Path
  • Shops
  • Property is near public transit
  • Park
  • Coin Laundry

About This Home

As of March 2022

Well maintained mixed use legal 6 unit on well traveled section of Main Street. 8%+ cap rate, fully rented and longer term tenants with little turnover. (4) residential units and (2) first floor retail spaces. First floor features a salon and a retail shop. On the second level is a studio, 1 bedroom, and 2 bedroom. 3rd floor is dedicated to a 3 bedroom unit. Off street parking in the rear of the building. Separate gas meters in building. Newer hot water heaters, updated insulation, younger roofs. Unit 2C was fully renovated in 2020. Nothing to do but put your money to work on this cash flow investment. Close city center and all public transportation and conveniences. See attached financials.

Last Agent to Sell the Property

Zachery Whiting

RE/MAX Real Estate Center Listed on: 12/17/2021

RE/MAX Real Estate Center

Last Buyer's Agent

Rodrigo Azevedo

Pablo Maia Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,427

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Fenced
  • Irregular Lot
  • Cleared Lot

Home Design

  • Shingle Roof

Interior Spaces

  • 3,942 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 5 Car Parking Spaces
  • Shared Driveway
  • Open Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Listing and Financial Details

  • Total Actual Rent $2,250
  • Assessor Parcel Number M:41 B:000 L:445,1616271

Community Details

Overview

  • 6 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Operating Expense $22,354
  • Net Operating Income $64,646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,427

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1900
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 4

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6
  • Basement: Interior Entry, Unfinished
  • Living Area: 3942
  • Stories Total: 4
  • MAIN LO: BB0125
  • MAIN SO: NB1705

Exterior Features

  • Fencing: Fenced/Enclosed
  • Foundation Details: Irregular
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Shared Driveway, Off Street
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School

Lot Info

  • Parcel Number: M:41 B:000 L:445,1616271
  • Zoning: CB
  • Farm Land Area Units: Square Feet
  • Lot Features: Cleared
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.8
  • Lot Size Units: Acres
  • LOT SIZE: 5502

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5426.8

Multi Family

  • Net Operating Income: 64646
  • Number Of Units Total: 6
  • Operating Expense: 22354
  • Total Actual Rent: 2250
  • LEVELS 1: 1
  • LEASE 2: N
  • LEASE 1: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2021
Closed on
Mar 24, 2022
Sold by
Ne Capital Llc
Bought by
Ts Const Hldg Llc
Seller's Agent
Zachery Whiting
RE/MAX Real Estate Center
Buyer's Agent
Rodrigo Azevedo
Pablo Maia Realty
List Price
$799,900
Sold Price
$799,900
Current Estimated Value
$952,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,244
Avg. Annual Appreciation
4.96%
Original Mortgage
$600,000
Outstanding Balance
$563,659
Interest Rate
4.42%
Mortgage Type
Commercial
Estimated Equity
$388,485

Purchase Details

Closed on
Nov 23, 2011
Sold by
18 Main Street Llc and Dishington Nathan
Bought by
Ne Capital Llc

Purchase Details

Closed on
Sep 30, 2009
Sold by
Cicchelli Eroilda P
Bought by
18 Main Street Llc

Purchase Details

Closed on
Sep 27, 2004
Sold by
Deloia Invest Rt and Millette Joseph A
Bought by
Cicchelli Eroilda P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 1999
Sold by
Milf National Bank & T
Bought by
Millette Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
7.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 1999
Sold by
Perry George L
Bought by
Milford National B&T

Purchase Details

Closed on
Feb 27, 1997
Sold by
Greenleaf Financial Sv
Bought by
Perry George L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 1994
Sold by
Greenleaf Fincl Serv
Bought by
Rosanna Ft and Scafuto Rosanna

Purchase Details

Closed on
Jun 17, 1993
Sold by
Garcia William J
Bought by
Servic Greenleaf Fincl
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ts Const Hldg Llc $799,900 None Available
Ne Capital Llc -- --
18 Main Street Llc $240,000 --
Cicchelli Eroilda P $279,900 --
Millette Joseph A $165,000 --
Milford National B&T $44,000 --
Perry George L $170,000 --
Rosanna Ft $115,000 --
Servic Greenleaf Fincl $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ts Const Hldg Llc $600,000
Previous Owner Servic Greenleaf Fincl $189,000
Previous Owner Cicchelli Eroilda P $210,000
Previous Owner Servic Greenleaf Fincl $123,750
Previous Owner Servic Greenleaf Fincl $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $799,900 0.0% $203 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
12/17/2021 12/17/21 For Sale $799,900 0.0% $203 / Sq Ft
11/01/2016 11/01/16 Rented $800 0.0% --
10/25/2016 10/25/16 Under Contract -- -- --
10/03/2016 10/03/16 For Rent $800 0.0% --
07/17/2016 07/17/16 Rented $800 0.0% --
07/16/2016 07/16/16 Under Contract -- -- --
06/27/2016 06/27/16 For Rent $800 -- --
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $687,300 $149,700 $537,600
2024 -- $661,300 $142,700 $518,600
2023 $0 $426,900 $120,100 $306,800
2022 $0 $358,500 $109,600 $248,900
2021 $0 $339,600 $109,600 $230,000
2020 $0 $331,100 $109,600 $221,500
2019 $0 $301,700 $109,600 $192,100
2018 $0 $296,500 $104,400 $192,100
2017 $0 $276,000 $104,400 $171,600
2016 -- $265,600 $94,000 $171,600
2015 -- $240,000 $72,500 $167,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72928566

MLS Property Information Network (MLS PIN)

APN: MILF-000041-000000-000445